Analyst: Worst days for hotel industry over?

05/14/2009 | Yahoo!

The hotel industry isn't out of the woods yet, but signs of stability are emerging in the sector, according to an analyst. Hotel revenue managers from large private companies reportedly say the worst declines in transient bookings, especially in leisure, may be behind them. Also, group cancellations appear to be slowing, though fewer bookings are being made for the year and room rates have yet to rebound.

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